Voluntary

In the voluntary benefits business for more than a decade, Nashville's Karen Quigley knows a tidal change when she sees one. With carriers increasingly entering the core voluntary market and health care reform looming large over the whole industry, Quigley knew it was time to adapt.

Digital Insurance Inc., which serves small and midsize companies, recently named Wayne Mertel vice president of voluntary solutions.

In a fresh reminder that more change is coming to an uncertain long-term care insurance market, MetLife will no longer sell new such policies and discontinue new enrollments into existing group and multi-life LTC plans.

Is bare-bones health insurance coverage better than no coverage at companies that cannot afford to offer comprehensive benefits?

Voluntary benefits are seen as a palatable alternative to no employer-paid coverage or more costly policies in the individual insurance market, suggests the first in a series of research briefs based on Prudential Financial Inc.’s fifth annual study of employee benefits.

Standard Insurance Company, whose group product line includes disability, life, AD&D, dental and vision coverage, now offers the Protector Platinum individual disability income insurance plan in 20 states.

A recent Aflac survey of 1,000 working Americans suggests there will be increased opportunities for brokers and advisers to sell voluntary dental plans, particularly among those between the ages of 35 and 54 in a post-health care reform market.

What happens when a division of the nation’s second-largest payroll company teams up with the creator of an online benefits education and enrollment platform for group insurance products in the voluntary marketplace?

The Community Living Assistance Services and Supports Act begins to take effect on Jan. 1, 2011. Under the CLASS Act, which is part of the Patient Protection and Affordable Care Act, a public insurance option offering employees voluntary long-term care insurance will be an option for employees to consider.

The employee benefits market in Southeast Michigan has historically been heavily union-oriented. As a result, the rich benefit packages had little need for voluntary coverage offerings such as hospital indemnity plans.